Darpan News Desk The Canadian Press, 01 Sep, 2023 11:01 AM
The latest G-D-P report showing the economy contracted at an annualized rate of 0.2 per cent in the second quarter may signal an end to the Bank of Canada's rate hiking campaign.
Economist Tu Nguyen (WIN) at R-S-M Canada says the cooling economy should be enough evidence for the central bank to forgo further rate hikes unless there is another major external shock that sends inflation upward.
She says this is the first time since the early days of the pandemic that spending on services did not grow, which is a powerful sign of a cooling economy.
The B-C Highway Patrol says it's investigating a deadly crash involving a pedestrian in the Okanagan over the Canada Day long weekend. Police say they were called to the crash around noon last Saturday, where a car hit a pedestrian in a crosswalk on Highway 97-A in Enderby, B-C.
Fraser Heath says a coming heat wave is set to hit B-C's Fraser Canyon, warning of temperatures forecasted to hit the mid-30s into the weekend. The health authority says Environment and Climate Change Canada's heat warning covers the communities of Lytton, North Bend, Boston Bar, Yale, Othello and Sunshine Valley.
One person is being treated in hospital for a non-life-threatening injury after a shooting in Surrey, B.C., Wednesday afternoon. Police were called to the 80 Avenue and Fleetwood Park area just before 6 p.m. for reports of two groups of men shooting at each other.
Yannick Bandaogo, 30, pleaded guilty to second-degree murder and several attempted murder charges earlier this year. Several victims spoke before Justice Geoffrey R.J. Gaul of the B.C. Supreme Court on Wednesday, including the mother of the lone victim killed in the attack.
Health Minister Adrian Dix says the expanded Health Connect Registry, which launched July 1, aims to make it easier for B.C. patients to get a family doctor or nurse practitioner in their community by signing up for a primary-care provider.
31-year-old Tarndeep Uppal, of North Delta, has been charged with one count of theft of credit card and identity information. Fourteen counts of fraud under $5000. Uppal has been released with conditions not to possess credit cards, identification or data in any other name but her own.
